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20121201
20121231
Search Results 0 to 11 of about 12 (some duplicates have been removed)
has warned u.s. lawmakers, they have a duty to solve. we sat down with her here in washington. >> christine lagarde, the fiscal cliff, how concerned are they about the ramifications? >> people around the world are concerned about it. it appears to be the case there was more concerned about the eurozone than the fiscal cliff. now things have changed and there is more concerned about the fiscal cliff. they asked about a resolution. >> what could the impact speed? we are looking at a time when the global recovery is fragile at best. >> of u.s. is 20% of the global economy. if the u.s. suffers as a result of a fiscal cliff, a complete wiping out of its growth is going to have repercussions around the world. probably half of that. if the u.s. economy has less growth, it will probably be 1% less in mexico, canada, probably less so in europe and japan. but there will be a ripple effects. >> are you worried about it? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. and to have that player virtually flat, if not in
$1.9 billion to settle u.s. allegations of money laundering. our chief economics correspondent has all the details. >> the largest bank in money- laundering, cartels washed through the bank. it resulted in a $1.9 billion fine, the biggest in u.s. banking history. the american authorities >> the corruption of the financial system by drug traffickers and other criminals, and free evading u.s. sanctions and law. >> they find $7 billion will be transferred between mexico and the u.s.. there were 25,000 transactions involving iran. in $290 million in suspicious traveler's checks were cleared by the bank. in a statement, they said they were story -- sorry for past mistakes. the former chairman was appointed as trade minister for david cameron. he had this to say when the allegations emerged in july. >> there were failures of the implementation, they expressed regret for that. it is a company i am proud to have worked for. >> they are not the only british bank to run these. the accusations of sanctions violations. other leading european banks have also in recent years reached settlements
. there was six adults pronounced dead at the scene. the shooter is deceased. >> u.s. networks say that the killer was a man and his 20's his mother was thought to be a teacher at the school. in washington, where the flag flies at half mast, barack obama addressed the nation as a president and a father. >> the majority of those who died today were children. beautiful little kids between the ages of 5 and 10 years old. they had their entire lives ahead of them -- birthdays, graduations, weddings, kids of their own. this among the fallen also teachers, men and women who devoted their lives to helping our children fulfill their dreams. our hearts are broken. >> he demanded meaningful action, a hint at perhaps tighter gun laws. that argument is for tomorrow. for now, america is trying to comprehend the how and why of the mass killings and a small rural community. new town was supposed to be a haven, a world away from the bustle of nearby new york. today, the elementary school was robbed of it and since joining colorblind and virginia tech of the grim roll call of loss. -- joining columbine and virgini
. the u.s. is hardly alone -- u.b.s. is hardly alone in having to pay. >> caught trying to manipulate important interest rates and punished with 940 million pounds of fines and confiscation of ill-gotten gains. >> this is some of the most shocking behavior we have seen to date. this was prevalent across the firm for five years when people were seeking to manipulate an internationally used benchmark used for millions and trillions of pounds of contracts in order to benefit their own trading position. >> u.b.s. traders colluded with other firms in market rigging. one u.b.s. a banker said to a broker, let me do one humongous deal. i will pay $100,000, whatever you want. i am a man of my word. the bank has been punished by switzerland, the u.k., and the u.s. >> make no mistake. for u.b.s. traders, the manipulation of libor is about getting rich. as one broker told a derivatives trader, you are getting bloody good at this game. think of me when you are on your yacht in monaco, won't you? >> it is a 1 billion pound fine too much or too little or about right? >> it is not about the fine. wha
to burst in shanghai. our top story, the leader of the democratic majority in the u.s. senate says politicians are running out of time to avoid the budget crisis known as the fiscal cliff. every reed said democrats and republicans had to stop squabbling to have any chance at which an agreement by december 31st and higher taxes and spending cuts will automatically take effect. president obama has cut short his holiday to revive the talks. >> if we go over this cliff, the house of representative with four days left are not here with the speaker having told him that he will have 458 hours' notice. i cannot imagine their conscience out there wherever they are around the country and we are trying to get something done. >> why is the american economy teetering on the edge of the cliffs? these are some of the things that president obama is trying to prevent with the return to the lighthouse. an employment has fallen to a four year low and currently stands at 7.7%. no deal could mean 2.1 million jobs disappearing parent to it would equate to a contraction of 1.5% in the value of all goods
. they have been doing well worldwide, particularly in the u.k. and the u.s. from the york, we have this report. >> a trend, old people in the movies. next month, a movie set at a retirement home story musicians and several british actors. tommy lee jones succeeded this year in "i hope springs" been called a midlife romantic comedy. and then there was the marigold hotel, the story of a british retiree at a hotel in india that has been very profitable, costing $10 million to make, taking in $140 million around the world. the film cast is unusual because of many of its older characters. >> they are taking charge. >> the new wave of films is being welcomed. and everything is geared towards the youth, and to see people my age makes me feel good on film, like we are not forgotten. >> liam neeson is flourishing as an action star at the age of 60, maintaining that older people have been underserved by hollywood. >> they're making movies for 15- year-old up to 25-year-olds. >> studios maintain that older people figure into their calculations. >> older audiences are avid moviegoers, they gre
of around 200 jobs throughout the u.s. they all stopped selling the modern sporting rifles, as they're called. changes the law might be more difficult. >> there is no chance of a ban on handguns. the supreme court has ruled plans to outlaw them in chicago and washington d.c. are unconstitutional. the most likely move would be to ban military-style assault rifles, magazines holding numerous bullet. the president has backed such a bill. >> while he supports strongly an assault weapons ban and other measures, he wants to expand the conversation beyond those specific areas of legislation. >> i'm joe manchin -- >> the group of the gun hand -- of the gun ban will be loosened a little. even west virginia senator joe manchin, whose campaign had focused on gun rights, has changed his mind. he is not alone kerpen >> when my daughters ask me on friday night, dad, you are in the senate, why can't we put reasonable restrictions on assault weapons or rapid-fire ammunition clips, i did not have a good answer for them. enough is enough. >> america is in a reflective mood, which may not last. weapon
lost, one livelihood destroyed is still want to many. -- one too many. >> today in brussels, the u.s. secretary of state delivered a clear message, warning nato allies they must honor their financial commitments to afghanistan security forces after western troops pull back in 2014. after more than a decade of war, the country's still fragile. but afghanistan has been in this situation before. in a new book, the author, an afghan native, he writes about the misunderstood a history of the country and what it suggests for the country prepare -- for the country's future prepar. >> what i want to say is that it is not a case of the afghan people are one group and the taliban as another entity over there. they have been engaged in a long struggle between its own tendencies toward wanting to open up to the world and move the country in that direction, and those forces that want to entrench and reject that role and become more locally world. you know, verify and confirm the power of grass-roots clerics, grass-roots elders, that is the tendency in afghanistan. it is true that is very much ass
not guaranteed not to send them to the u.s.. to promote a new book he has written, he speaks out. >> the swedish government refuses to behave in a way that is at all normal, rational, were reasonable. that is why i have been granted political asylum. >> they say he must face questioning. they are outside the embassy 24 hours a day, waiting to arrest him the moment he walked out. it has cost 21 million pounds and counting. he is reported to be eating a lot of take away food, running on a treadmill and using a special lamp to get vitamin d. he appeared in robust health despite suggestions that he is suffering from a chronic lung condition. he did not like being asked about it. >> they never cared about my health when i was in prison or under two years of house arrest and cares about my health now because this building is surrounded by police and i will be forced out. >> it is hard to see how this standoff will end. central london. >> still to come on tonight's program, hours away from inaugurating a new president, we take a closer look at the man poised to leave mexico. now to a sunken treasure th
in syria are accelerating. she also joined the u.s. defense secretary in expressing concern that damascus is considering using chemical weapons against the rebels. >> i think there is no question that we remain very concerned, very concerned. as the opposition advances, in particular on damascus, the regime might very well consider the use of chemical weapons. >> secretary panetta went on to say that the white house made it clear there will be consequences should the assad regime make the mistake of using those weapons on its own people. for more on the perspective from damascus, i spoke a short time ago to the bbc's jeremy bolon -- jeremy bowen. >> the issue has been pretty firm on the use of chemical weapons. any news from damascus? >> i think the regime here can feel the pressure. it has been under huge pressure in the last couple of weeks, increasing pressure. of the most pressure has faced from the west, certainly, in the almost two years this has been going on. i spoke before panetta made his remarks to the information minister and he repeated one of their official positions, which
that can fit those criteria. >> how much support you think the u.s. is giving those groups at the moment? >> it is my understanding is fairly modest. it is mostly nonlethal aid. with few exceptions, i do not think the problem facing the opposition is lack of arms. they have captured a lot. there have been some defections, so while they could probably use anti armor and anti helicopter tight arms, they have more than enough. i think it is more the organization and their leadership, and that is where training and advice they might be more important than furnishing specific armaments. >> thank you. in defiance of international warnings, north korea has gone away with successful -- gone ahead with successful rocket launches. pyongyang says it was to put the satellite in orbit, but the un says it was a missile test. --northcom rihanna's rocket north. 's rocket. it rose to -- north korea's rocket. it rose in defiance. the north hailed this as a great achievement. this is a country where many go hungry for lack of food, but today they've had a street party to celebrate. from its launch pad, the
Search Results 0 to 11 of about 12 (some duplicates have been removed)